Six new Ether futures ETFs from fund managers ProShares, VanEck, and Bitwise made their debut on Monday, providing investors with new ways to gain exposure to the second-largest crypto by market capitalization. However, the launch failed to generate much trading activity, with a combined $1.9 million in volume on the first day of trading. The ProShares Ether Strategy ETF (EETH), the largest of the new funds, traded more than $870,000 worth of shares, which is significantly lower than the $1.02 billion traded on the first day of the ProShares Bitcoin Strategy ETF (BITO) in 2021.
More Ether futures ETFs are expected to launch soon, with Valkyrie Investments postponing plans to convert its Bitcoin futures fund to an Ether fund last week due to regulatory delays. Other issuers like Kelly ETFs, Invesco, and other firms also have Ether futures ETFs in registration.
The launch of these ETFs is a significant milestone for the industry, as it provides investors with more options to invest in crypto.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Valkyrie Investments, Bitwise, Kelly ETFs, Invesco, VanEck, ProShares |
| Companies | Valkyrie Investments, Bitwise, Kelly ETFs, Invesco, VanEck, ProShares |
| Currencies | Ethereum, Bitcoin, Lido Staked Ether |
| Securities | None |
